I am not responsible for any trades taken, not taken, or contemplated 🙂

But I wish i could say I was responsible for profits…………

To be honest I am having decent results on QQQ either naked puts or #lizardpies. May replace #spycraft as another bread and butter trade. Have not posted yet, wanted to see how it works for a few cycles before I sell it to the Bistro.

MamaCash
1:10 pm on Monday, March 4, 2019

You’re off the hook, Chris. I decided after a few petri dishes broke that it was wise to try things before sharing as well.

hcgdavis
1:26 pm on Monday, March 4, 2019

🙂

Experimenting with your own money is one thing, other peoples money just causes legal issues.

Google optionsellers.com now see how many people are taking legal action from the nat. gas explosion (pun intended).

With that said, I am having more consistent results with the #lizardpies than with the regular #pietrades. Makes sense, you bring in more credit up front so there is more wiggle room on adjustments and also no risk to one side. The best seems to be selling the 1 week ATM straddle then buying the next strike up call, either 0.50 or 1 up from the short call. You can then roll the entire thing up or down week to week depending on how the market moves or just let it expire and reset.

I will also try it on IWM. I want to do it on SPY but my account is not big enough to do it with any good size. Need a @kathycon or @smasty160 sized account for SPY 🙂

Hi Chris!
I am loving #JadeLizards since this market found some footing. I take the breakeven on a Jade Lizard (always to the downside) and add an unbalanced fly to accomplish a #SpikedJadeLizard without the double naked. Here’s my trade today on CRM, but this setup works for 45DTE index lizards

hcgdavis
9:03 am on Tuesday, March 5, 2019

I like it! Nice wide profit zone, enough time and space to adjust if it blows up.

Bistro VIX Indicator for Tuesday 5/28

Tuesday’s levels to watch: Further Downside Warning signals would hit with closes at 19.82 and 22.06. The Warning would be canceled with a close at or below 13.67. Click here for more info on the VIX Indicator.

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April Jobs ReportMay 3rd, 2019

+263,000 non-farm payroll jobs, vs. 190K expected /
Unemployment at 3.6%, down by 0.2, a 49-year low /
U6 unemployment at 7.3%, unchanged /
Wages up 0.2%, 3.2% year over year /
Labor force participation 62.8%, down by 0.2 /
March revised down from 196K to 189K /
February revised up from 33K to 56K